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Saratoga Standard

Sunday, November 24, 2024

Total OASDI widow and parent beneficiaries in New York State ZIP 12828 decrease in 2019

Werehiring06

There were 175 total OASDI widow and parent beneficiaries in New York zip code 12828 in 2019, a 5.4 percent decrease from 2018, which had 185 total widow and parent beneficiaries, according to the official Social Security Administration website.

The Old-Age, Survivors, and Disability Insurance (OASDI) program is a program of the Social Security Administration funded primarily through payroll taxes. It was signed into law in 1935 by then-President Franklin D. Roosevelt.

The OASDI program aims to supplement a worker’s lost wages due to retirement, disability or death of a spouse.

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